GXO Logistics, Inc. (NYSE:GXO) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,303 shares of the company’s stock after acquiring an additional 1,029 shares during the period. Natixis Advisors LLC’s holdings in GXO Logistics were worth $773,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of GXO Logistics during the 4th quarter valued at approximately $554,000. Jump Financial LLC acquired a new position in GXO Logistics during the fourth quarter worth $203,000. QRG Capital Management Inc. boosted its position in GXO Logistics by 173.1% during the fourth quarter. QRG Capital Management Inc. now owns 12,651 shares of the company’s stock worth $774,000 after purchasing an additional 8,018 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in GXO Logistics by 7.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,708 shares of the company’s stock valued at $288,000 after purchasing an additional 325 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in GXO Logistics by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 878,492 shares of the company’s stock valued at $53,729,000 after purchasing an additional 18,152 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

GXO Logistics Stock Performance

NYSE:GXO opened at $49.49 on Friday. The firm has a 50-day moving average of $50.50 and a two-hundred day moving average of $50.45. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $5.91 billion, a P/E ratio of 35.60, a PEG ratio of 1.45 and a beta of 1.58. GXO Logistics, Inc. has a 1-year low of $46.07 and a 1-year high of $63.07.

GXO Logistics (NYSE:GXO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.73 billion. GXO Logistics had a return on equity of 9.86% and a net margin of 1.35%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. On average, research analysts expect that GXO Logistics, Inc. will post 2.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GXO has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on GXO Logistics from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Wells Fargo & Company assumed coverage on GXO Logistics in a research note on Friday, June 7th. They set an “overweight” rating and a $58.00 price target on the stock. Finally, UBS Group lowered their price objective on GXO Logistics from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.45.

GXO Logistics Company Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.